Search Results for: accounts
What Is the Best Way to Get out of Debt?
According to the University of Illinois’ Consumer and Family Economics educator Pat Hildebrand, paying the minimum payment for $2,500 of credit card debt with 21 percent interest will cost you nearly $15,000 and take 63 years to pay off. However, with so many debt consolidation loans and debt repair services out there, it can be a real challenge to figure out what the best way to get out of debt may be. This snowball method offers fast results and works on the same principles the debt repair services use, minus the big start-up fees.
Starting a Children’s Saving Account
Opening a savings account is a wonderful way to teach your child about money and setting goals. By starting an account at an early age, a child learns how numbers relate to dollars and cents and can begin to understand the value of a dollar. By making savings accounts part of your children’s lives when they are young you will be helping them learn one of life’s most basic skills: how to manage their money.
How Does a Teenager Open a Bank Account?
Landing his first job is the perfect time for a teenager to also land his first bank account. While visiting a bank for the first time as a customer may seem intimidating for a teen, knowing the requirements and process will give him a boost of confidence and perhaps their first glimpse into the responsibilities of adulthood. Learning to manage money as a teenager will give your child a head start when it comes to building life skills.
How to Open a Savings Account for an Unborn Child
Many parents start thinking about a child’s future before their child is even born. If you want to start saving money for your child’s future college account or something else, you may want to open a savings account. Below, you’ll find step-by-step information for how to open a savings account for an unborn child.
Estate Planning & Wills
If you want to control how your possessions and savings will be distributed after your death, you need to understand the basics of estate planning. More than anything, you need to understand how to execute a legal will. According to the American Bar Association, estate planning means getting the advice and expertise of a lawyer, financial planner, accountant and other professionals who can guide you through the process of making a will or setting up a trust for your assets.